Service exports flat at $12.9 billion in April, imports $7.2 billion

 India's services export remained almost flat at $12.91 billion in April 2016, the Reserve Bank data showed on Wednesday.  The services export in April 2015 was at  $13.01 billion. While in March this year, the services export stood at $12.89 billion.

Similarly, services import by India was also steady at  $7.18 billion in April as against  $7.32 billion in the year-ago month. Services import in April this year, however, remained lower than March 2016 when it stood at $ 7.91 billion. The figures are based on RBI' data on International Trade in Services for April 2016.

The services sector contributes about 55 per cent to country's gross domestic product. RBI data are provisional and undergoes revision when the Balance of Payments (BoP) data are released on a quarterly basis.